Britain’s big four banks to undergo stress tests

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European regulators named 91 banks last night that will be subjected to stress
tests and released limited details about how the process designed to shore
up confidence in the financial system will work.

Britain’s four biggest banks — HSBC, Barclays, Royal Bank of Scotland and
Lloyds — are on the list, which ranges from big players such as Deutsche
Bank to a string of smaller banks in Spain and Germany, which are the main
cause of concern.

The Committee of European Bank Supervisors (CEBS), which is overseeing the
process, published some information about the stress tests late yesterday
after a day of